28811 PACIFIC COAST Highway Malibu, CA 90265

11 Bedroom, 6,446 Sqft, Single Family Residence

Rare investment/development opportunity in Malibu. This 5.9 acre ocean/queen's necklace view estate site has valuable City of Malibu approval for a 3-lot subdivision, each parcel with an ocean view. Existing 11 bedroom 7 bath home on the property has a recently renovated kitchen and hardwood floors throughout. Private front driveway off of PCH and rear entrance off of Galahad Drive. This property is horse-zoned and has a variety of fruit trees. Guest house with private yard and plenty of parking. First time on the market in 40 years. Remodel the existing home and keep as a large equestrian property, vineyard potential, build two new houses, etc. etc. - the possibilities are infinite!

Property Features

Property Type: Single Family Residence

Approx Living Area: 6,446 SqFt

Price per Sqft: $1164

Total Bedrooms: 11

Bathrooms: 7

Full Baths: 7

Year Built: 1991

Lot Size: 257,014 SqFt

Acreage: 5.90

Garage Spaces: 3

Parking Type: On Site

Rooms: Guest/Maid's Quarters

Fireplace: 1, Family Room

Flooring: Wood

Pool Description: None

Spa Description: None

Fence Type: Chain Link

Lot Features: Cul-De-Sac

Other Appliances: Water Heater Central

Dryer: 1

Heating: Central Furnace

Gas: 1

Sewer: Conventional Septic

Utility Information: Cable Available

Parking Spaces: 3

County: Los Angeles

Area: C33 - Malibu

Other Structures: Guest House

Location

Directions: From PCH take Kanan north, right on Galahad, and property entrance is at the end of the cul-de-sac.

Listing courtesy of Pinnacle Estate Properties

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.